Canary Capital’s proposed spot exchange-traded funds (ETFs) for Litecoin and Hedera Hashgraph (HBAR) have reached a critical stage of finalization, according to industry experts. ETF analyst Eric Balchunas indicated that the filings appear complete, positioning the funds for potential regulatory approval once federal operations resume. The ongoing government shutdown has temporarily halted the launch process, delaying what many anticipate could be significant additions to the cryptocurrency investment landscape.
The development marks a notable expansion in digital asset investment vehicles, following the precedent set by Bitcoin ETFs. Litecoin, often referred to as the silver to Bitcoin’s gold, and HBAR, the native token of the enterprise-focused Hedera network, would gain increased institutional accessibility through these proposed funds.
Market observers suggest the finalized filings demonstrate growing institutional confidence in alternative cryptocurrencies beyond Bitcoin and Ethereum. The temporary postponement due to governmental procedures underscores the evolving regulatory framework for digital assets. Once federal agencies resume normal operations, analysts expect these ETFs to progress through standard approval channels, potentially opening new avenues for regulated cryptocurrency exposure in traditional investment portfolios.
